2023 JMD to ETB Historical Review

YEARLY HIGH

0.3645 ETB

YEARLY LOW

0.3466 ETB

YEARLY AVERAGE

0.3553 ETB

2023 JMD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.3645. Conversely, the yearly low was recorded on February 5, dropping to 0.3466.

This high-to-low spread represents a total annual volatility of 0.0179 ETB. From a start-to-finish perspective, comparing the January average rate of 0.3509 to the December average rate of 0.3616, the exchange rate registered a net change of 3.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3645 was up 3.08% compared to the 2022 peak of 0.3536, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JMD based on timing:

Yearly Peak High 1,823 ETB

2022 Average 1,693 ETB

Yearly Trough Low 1,733 ETB

Transaction Impact: A difference of 89.63 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3629

0.3469

JanuMarcMayJulySeptNove

JMD to ETB Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.3525, compared to 0.3581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.3525

H2 Avg (Jul–Dec) 0.3581

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0086 ETB (High: 0.3578 / Low: 0.3492). On the other end, September was the most stable month, with a tight range of 0.0028 ETB (High: 0.3585 / Low: 0.3556).

March Spread (Volatile) ±0.0086

September Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0033 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3616) against the same month in 2022 (average: 0.3493), the exchange rate shifted by +0.0122 (+3.51%).

2023 Avg (December) 0.3616

2022 Avg (December) 0.3493

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3551	0.3478	0.3509
February	0.3502	0.3466	0.3482
March	0.3578	0.3492	0.3539
April	0.3617	0.3536	0.3561
May	0.3557	0.3505	0.3528
June	0.3559	0.3508	0.3533
July	0.3571	0.3528	0.3554
August	0.3574	0.3541	0.3562
September	0.3585	0.3556	0.3573
October	0.3611	0.3565	0.3589
November	0.3613	0.3563	0.3589
December	0.3645	0.3571	0.3616